In the week ending 22nd November, 2013, it was reported that with the Dow Jones industrial average around 16,000, hedge fund managers that focus on betting against stocks see the opportunity to make money on what they see as an equity bubble; many prominent managers believe the record-setting run-up in U.S. stocks is due for a reckoning but acknowledge that ample liquidity could push equities higher regardless of fears, said Reuters; David Tepper of Appaloosa Management said stock markets are not inflated as economies in the U.S., Europe and China are on firm ground; “I know there’s talk about bubbles, this is not one,” he told Bloomberg; Carl Icahn said while he is worried about the level of the market, it is almost impossible to predict what a market will do in the short term.